FMD completes company merger and appoints new CEO


FMD Financial has announced its successful merger with FMD Group member Reynolds Williams and Associates and the appointment of former Perpetual Private Wealth executive Lee Wapling as chief executive.
The new merged entity is expected to provide FMD with the scale and structure required to support the company's growth ambitions, having worked closely with RWA's Mike Reynolds and Graig Williams for many years, said FMD chairman Greg Fagan.
He added that Wapling's appointment continues the corporatisation of FMD, following on from the investment made by private equity firm Rockwell Investments in 2010.
Fagan said Wapling has a wealth of acquisition and integration experience that will allow FMD to accelerate the acquisition opportunities it is already considering, and to assist in identifying others.
Bringing years of financial services experience, particularly in providing financial advice to high net worth clients, Wapling was most recently state manager at Perpetual Private Wealth.
As part of the merger, Fagan, Reynolds, Williams, Adam Davenport, and Rockwell chairman and director Adam Levine have been appointed directors of the new entity which began operating from 1 December 2011.
Recommended for you
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
TAL has appointed a senior manager for investment strategy and portfolio management who joins from a lead role at AIA.
Global wealth management platform FNZ has appointed a new group head of APAC, while boutique investment manager TWC Invest welcomes a chief technology officer.